how can employers engage with LEPs on apprenticeships

The CIPD is urging the Government to announce it is reforming the apprenticeship levy into a more flexible training levy in the Budget this week. The levy is charged at a rate of 0.5% of an employer's pay bill. Employers will receive an annual allowance of £15,000 to offset against their levy payment and ... Employers with an annual pay bill of more than £3m are now charged a levy of 0.5%. Levy money can be used by employers to buy apprenticeship training for ... understanding the apprenticeship levy. what is the apprenticeship levy? The Apprenticeship Levy is a charge paid by large employers in England to fund ... The aim of the levy is to boost productivity by investing in human capital and increasing the quantity and quality of apprenticeships. All apprenticeships started before 1 May 2017 will be funded through to completion according to the existing rules. Levy Employers. Contributions to your levy account appear in an online account created by the HMRC and are collected monthly through PAYE. Business owners that ... Jan 15, 2024 ... The Apprenticeship Levy is paid by UK employers to fund new apprenticeships and boost investment in vocational skills. Key points · Working across systems, employers can transfer apprenticeship levy funds that support communities and staff. · A standard placement agreement will ... Aug 30, 2022 ... It would highlight sectors that need extra government support. It would unambiguously reveal skills cold spots in areas of the country. And it ...